Question: You are hired as a project manager by Fuel System Plc, the company is moving the entire existing plant to new premises so that to provide the social relaxation to the local community around the existing premises and to increase the productivity and profitability of the company. You have to present a project plan to the stakeholders of how can be achieved.
In this page we will present the Stakeholder Analysis.
Stakeholder Analysis
Stakeholders are classified as:
Customers: These are those who have minor participative role in the project.
Top management: This group actively participates in the project, these are the primary sponsors of the project .They include the management of fuel system holding 60% of the shares and M.D. of PAC holding .30% of the shares and T.D. of PAC holding 10% of the shares.
Shareholders: They are the major sponsors of the project and passively review or audit the project and its deliverables.
Employees of PAC: They passively participate in the project and are affected by its deliverables.
Local community and environmentalists: External bodies who are not participants but are affected by the project. They are main cause of the project.
Supplier: Passive bodies, who have minor participative role, but are largely affected.
How could the stakeholders impact the project and what are their levels of interests?
Customers:
The main customer Fuel Systems that owns the company will be profited by the project. He wants the project to be successfully done. His level of interest is high.
Other customers may loose their business with the company, so they are not interesting in the project and their level of interest is low.
Top management:
They are major stakeholders, active participants and want the project to be successfully done. Their level of interest is high.
Shareholders:
These are external financial bodies that see the financial benefits of the project.
If they are satisfied with the project, they may sponsor it and hence help the project to achieve its milestones and their level of interest is high.
If they are not satisfied with the project, then project may suffer the financial hurdles and their level of inertest is low.
Employees of PAC:
Employees who intend to move new site may be helpful and they may help the project in various respects. Their level of interest is medium.
Employees who are made redundant or don’t want to move create hindrances in the working of the project. They don’t want the project to be successful. Their level of interest is low.
Local community and environmentalists:
They are the main cause of project and want the project to be successful. Their level of interest is high.
Supplier:
Suppliers who are near to the new site may take interest in the project because for them the transportation cost is less and they may take part in project by sponsoring it. Their level of interest is medium.
Suppliers who are far away from the new site may loose their business or may need to increase their costs (transportation). They are not interesting and they may fear of loosing their customer .Their level of interest is low.
How could the stakeholder be impacted by the project?
Customers:
Customers may loose its supplier, the main customer fuel gain its business because the site is coming near by him. However for others the site is far away thus they can loose the business, so project may loose their supplier.
Top management:
Management is concerned with non-financial aspects as well as financial aspects, so the project will be advantageous for them.
Shareholders:
The project will be beneficial for them in the long term as it increases the share value of the company in the market.
Employees of PAC:
Employees may loose their jobs or some employees who intend to shift needs to settle their personnel affairs. Thus project disturbs their personnel life.
Local community and environmentalists:
They are concerned with non-financial aspects of the project and they will feel relaxed, content and happy with the completion of project.
Supplier: Suppliers who are near to the new site may take interest in the project because for them the transportation cost is less, they could be benefited.
Other suppliers may loose their business or need to increase the cost of their raw material for company, so project is not advantageous for them.
Possible Conflicts between stakeholders
- The company is shifting near its parent company(Fuel Systems) ,Managing Director and Technical Director of PAC Ltd. (Shareholders) , might fear that their positions will be secured nor not .,there is a fear of overtaking their company with parent company . There is a chance of conflict between management of PAC with the management of Fuel.
- Employees with the Company.
- Suppliers with the Company.
- Company with the Customers.
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